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Dispelling Myths About the Stock Market and Precious Metals

I assume you all remember this line:

"I welcome any enterprise that increases my stake in it!"

www.youtube.com/watch?...

Dispelling Myths About the Stock Market and Precious Metals

Unfortunately, the connection between the stock market and other parts of our society, mainly the elusive ‘Main St.’, has become a far more important connection. When we allowed a few short sellers to bring down our financial institutions, the confidence in our system almost destroyed the rest of us. This handful of narcissistic, Generation Me shorties have developed trading strategies that do nothing more then enrich their own pockets and create nothing in return. “Creative destruction”, ala Gordon Gecko era, that at least created something out of the mire they caused. The David Einhorn’s of today’s world do nothing for the greater good or for any good… except their own that is. When he was allowed to naked short Lehman’s into the toilet, we should have learned our lesson, but we didn’t. Now he is shorting the dollar into the toilet, just so that his large gold position increases in value.
This time when he brings it all down he will bring us ALL down with it and not just a few brokerage houses.

What's the Fair Value for the Dow Jones Industrial Average?

Unfortunately there are many who feel that the gambling we have allowed to prosper in our markets is a legitimate way of adding liquidity into the market. BULL--IT!!!! The ones that think that all that trading and market manipulation is good for companies and our Nation as a whole, can only be the ones that fight tooth and nail every time someone wants to limit their insanity. Some even claim it's 'trickle down' economics. Really should rename that to 'pissing away' economics!

Just go 2 comments above and you'll see the real insanity. TAX these short-term option traders/traitors up the ying-yang and maybe they'll stop.


On Nov 02 12:54 PM logicalman wrote:

> jim bob jones.....a lot have done exactly what you are saying, and
> most of them have lost their shirts....decide for yourself whether
> you are an INVESTOR or GAMBLER..if the former, do your homework and
> with an average iq. you will do well, if the latter, go to VEGAS,
> your chances will be much better there!!!

What's the Fair Value for the Dow Jones Industrial Average?

Thank you for proving my point!


On Nov 01 09:59 PM Jim Bob Jones wrote:

> So, let's all hold long term and give Wall street another chance
> to drain our piggy? I do'nt think so! Trade short term , follow the
> trend and protect your wealth unlike the so called knowledgeable
> banks and brokers.

What's the Fair Value for the Dow Jones Industrial Average?

<<So why would any reasonable investor want the government to have further sway in their financial well being?>>

Our government screws everything up, that is for sure. However, we must deter or even stop all this short term trading and the mentality behind it. It produces NOTHING and saps the financial strength out of our economy. Without regulating anything, except hopefully our behavior, decreasing tax rates to promote long term investing and vice versa - we can only think that it would help reduce the insanity. The IRS got Capone, let them go after the other traders/traitors.

On Nov 01 09:44 AM Walt17 wrote:

> I do not agree with that!
>
> Your suggestion implies that you want the government to control how
> we invest. Our government has not given me any reason to believe
> that letting them dictate my trading strategies would be to my best
> interest.
>
> Whether you’re a Republican or Democratic - What must end is the
> notion that government can make everything better. They have repeatedly
> demonstrated an inability to do that. So why would any reasonable
> investor want the government to have further sway in their financial
> well being?
>

What's the Fair Value for the Dow Jones Industrial Average?

What happened this week is just another and perhaps best/final case into why we must stop this short-term option trader/traitor mentality & trading. I’ll be the first to admit that maybe the DOW and S&P have as some have complained, “Gone too far in too short a period of time!” Without going back to my original argument that they’re basing that moronic statement on a level we should have NEVER been at in the 1st place, let’s just say that maybe the markets have gone a little higher then maybe their actual worth is based on. As to whether the DOW or other indices are fairly valued, I give your opinion above worth noting.

For me I take a far longer view. We’ve taken out all the added fluff that they say was added with all that leverage since 2004, and actually we’re even back to 1999 levels. Fair? Doesn’t sound fair to me, but that’s what we allowed to be done.

Just look at this past week’s chart of JPM Chase.

finance.yahoo.com/echa...;range=5d;indicator=vo...

Monday and Tuesday were ok and non-events on no news. On Wednesday the entire market sold off at the open and never recovered. The news again was really a non-event, but some media pundits & traders/traitors brought back that ‘double deep’ crappola and fear spread throughout. Thursday reality set back in when GREAT GDP and just ok employment #’s came out.. the markets recovered, but those traders/traitors couldn’t let it go. CNBS had a parade of naysayer pundits on the show Friday morning and when basically so-so spending and income numbers came out at 8:30 am (These numbers were exactly as expected and should have been a non-event.) the short-term option traders/traitors had worked everybody up into a sell-off mode and things never looked back. 250 points down on the DOW and major levels breached. It was a pure disgrace. They tried to blame it on the dollar, on the consumer, on anything they could grab a hold of; but when it comes down to it, the sell-off was a well orchestrated, end-of-the-month options traders/traitors manipulated disaster.

You may ask, “Why should I care? I’m not in the market or I own mutual funds, why should this matter to me?” It matters because you may be one of those lucky people who still has a job, or one of those still trying to find one... all these swings and angst are not healthy. They make everyone so full of fear and uncertainty that no one can muster up the desire to spend, invest, invent, inspire, etc. And don’t make the mistake of thinking that CEO’s of big companies are any different. I told you before, you keep bashing someone over the head over and over; sooner or later they will break! This is especially true of small businesses, the major driver of employment in the U.S. Would YOU spend thousands or go into debt to start a new business if every 5-minutes someone else is telling you that everything will crash in the next 10-minutes? I don’t think so!

Whether you’re a Republican or Democratic, whether you’re a capitalist or socialist, whether you’re a ying or a yang; we MUST ALL start to agree upon ONE THING and that is this short-term mentality and trading MUST END!

STOP THE INSANITY NOW!

Revised Tax Rules:

1. Capital gains under <6 months - 55% tax on capital gains
2. Capital gains 6 > 12 months - 45% tax on capital gains
3. Capital gains 1 > 2 years - 35% tax on capital gains
4. Capital gains 2 > 5 years - 18% tax on capital gains
5. Capital gains 5+ years - 5% tax on capital gains
6. Most critical of all — Institute a capital gains tax of 55% on ALL short sales not directly tied to a long buy by a licensed hedge fund. I'm tired of paying for the pure shorts 3rd vacation home.